Everyone and their Mom seems to be filing for a bitcoin ETF in the US. Is it really going to happen soon?
It may seem so, but as far as I can see there are currently only 8 applications pending consideration by the SEC - with CBOE-VanEck's first application being rejected (extended) at first and as always a decision is likely to be made after 240 days. - which means that the final decision will be made at the end of this year.
Judging by the comments of various experts, many agree that it is much more realistic to approve the first such ETF in the US perhaps only in 2022 or later - because much of why the SEC refuses to make a positive decision has not yet been resolved - with an emphasis on market manipulation presents a major problem.
(had posted this in Marketplace, but maybe Beginners is more appropriate)
It seems to me that it would be more appropriate to have this in Economic/Speculation.
For those who want to know more - a lot of useful information can be read at the following link :
https://www.etftrends.com/crypto-channel/the-race-to-the-first-bitcoin-etf/